Issue No. 127 (April 2021)

CPA Insights

Outside in

Janet Wong, Senior Analyst, Internal Audit at The Estée Lauder Companies, explains why the QP is behind her success through equipping her with transferrable technical skills, solid and comprehensive knowledge to advance her CPA career.

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Tech Source

A refresher on interest rate risk

Interest rate risk management is becoming increasingly important. Interest rate risk is one of the key financial risks and a common risk type we face every day. To help students have a better understanding of interest rate risk, Isaac Cheng, Head of L2 Regulatory Controller, Asia Pacific, Societe Generale, shares a few key components namely, risk identification, risk measurement and risk control in this article.

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Announcement

Postponing the introduction of the four-attempt rule of the new QP

In view of the impact of the COVID-19 pandemic on Qualification Programme (QP) students, the Institute decided to postpone the implementation of the four-attempt examination rule for the Associate and Professional Levels until the June 2022 Session. For QP students who have commenced their Associate Level in the December 2020 Session, any failed attempt(s) will not be counted.

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Student Matters

Top students and QP graduates of the December 2020 Session

Congratulations to the 670 QP graduates who have successfully completed the QP, alongside with the 19 candidates who awarded top student prizes of the December 2020 Session.

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Practical experience

The Institute has recently revised its policy for registration of an authorized employer's counselors and authorized supervisors to include members from overseas accountancy bodies with IFAC membership that have entered into a recognition agreement with the Institute. The revised policy, which became effective from 1 March 2021, aims at providing our prospective members with more practical training and development opportunities from a wider variety of work environments. Please refer to respective AE/AS application form for more details.

We welcome 13 authorized employers and 21 authorized supervisors to the Institute's practical experience framework. For students who have already completed the QP with sufficient practical experience for membership admission, please submit your membership applications on or before 24 May 2021.

Highlights

HKICPA V-fair 2021

Are you looking for information about the accounting profession?

Come and join us for the HKICPA V-fair 2021. This is a great opportunity to learn more about CPA roles in the dynamic business world and hear from young CPAs about their career life.

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